99 results for “bogus purchases”+ Undisclosed Incomeclear
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In the result, the appeal of the Revenue in ITA No
Bench: Shri D. Karunakara Rao, Am & Shri S. S. Viswanethra Ravi, Jm Sl.
bogus expenses amounting to Rs.89,79,588/- under the head ‘Purchase of stilt and cement’ for the year under consideration, which was added in his hands. The assessee had sought set off with the disclosure already made and also it was contended that the said income offered in respect of purchases was part of business income and infrastructural activities